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Ceres Global Ag Corp
Symbol CRP
Shares Issued 31,106,344
Close 2024-09-04 C$ 2.79
Market Cap C$ 86,786,700
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Ceres Global expands Miller agriculture partnership

2024-09-05 13:22 ET - News Release

Mr. Carlos Paz reports

CERES GLOBAL AG CORP. ANNOUNCES EXPANDED REGENERATIVE AGRICULTURE PARTNERSHIP WITH MILLER MILLING

Ceres Global Ag Corp. has continued and expanded its regenerative agriculture partnership with Miller Millin, one of the largest wheat millers in the United States.

Ceres's regenerative agriculture program delivers local, scalable solutions to wheat growers in North Dakota. By implementing advanced nutrient practices, the program improves both agronomic and environmental outcomes, enabling the adoption of sustainable practices that enhance nutrient use efficiency. Ultimately, this benefits the entire supply chain, from growers to millers.

"Our collaboration with Miller Milling started in 2023 to support their regenerative agriculture program. Since its inception, we have experienced significant growth and are looking forward to further expansion of this collaboration in 2025, providing Miller's extensive network of flour mills with North Dakota wheat grown using regenerative ag practices," said Carlos Paz, chief executive officer of Ceres. "Our program derisks the adoption of new practices for growers and fosters connections between farmers and flour millers. Through the continued success of this program, we look forward to working with Miller in this expanded partnership, furthering our vision of enabling our customers to do great things, and creating a more integrated, resilient and efficient supply chain."

"As part of our partnership with Ceres, we've expanded our enrolled acres in the program from 4,500 acres across five growers to 16,800 acres across 15 growers," said Marty Moran, senior director of EHS and sustainability of Miller. "Our commitment to sustainability has always been a core focus at Miller, and we're pleased to continue collaborating with Ceres to help growers improve nitrogen efficiency and reduce GHG emissions."

Ceres implements its regenerative agriculture program with a hands-on approach, being in the fields either directly or indirectly through joint ventures and third party partners. By leveraging Ceres's comprehensive regenerative agriculture solutions and partnerships with farmers and end-users, the corporation aims to be at the forefront of driving the adoption of sustainable growing practices.

About Ceres Global Ag Corp.

Ceres is headquartered in Golden Valley, Minn., and, together with its affiliated companies, operates 11 locations across Saskatchewan, Manitoba and Minnesota. These facilities have an aggregate grain and oilseed storage capacity of approximately 29 million bushels. The corporation also owns membership interests in three agricultural joint ventures that have an aggregate grain and oilseed storage capacity of approximately 16 million bushels.

Ceres has a 50-per-cent interest in Savage Riverport LLC (a joint venture with Consolidated Grain and Barge Co.), a 50-per-cent interest in Berthold Farmers Elevator LLC (a joint venture with The Berthold Farmers Elevator Company), a 50-per-cent interest in Farmers Grain LLC (a joint venture with Farmer's Cooperative Grain and Seed Association), a 41-per-cent interest in Gateway Energy Terminal (an unincorporated joint venture with Steel Reef Infrastructure Corp.) and a 25-per-cent interest in Stewart Southern Railway Inc. (a short-line railway located in southeastern Saskatchewan with a range of 130 kilometres).

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